Oshkosh Co. (NYSE:OSK) Position Increased by New York State Teachers Retirement System

New York State Teachers Retirement System increased its stake in Oshkosh Co. (NYSE:OSK) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,269 shares of the company’s stock after purchasing an additional 127 shares during the period. New York State Teachers Retirement System owned 0.13% of Oshkosh worth $9,244,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Money Concepts Capital Corp increased its position in Oshkosh by 1,359.1% in the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock valued at $28,000 after acquiring an additional 299 shares during the period. BluePath Capital Management LLC acquired a new stake in Oshkosh in the 3rd quarter valued at approximately $32,000. Venturi Wealth Management LLC increased its position in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after acquiring an additional 111 shares during the period. Belpointe Asset Management LLC increased its position in Oshkosh by 108.5% in the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company’s stock valued at $43,000 after acquiring an additional 267 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in Oshkosh in the 2nd quarter valued at approximately $48,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup raised their target price on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Evercore ISI lifted their price target on Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and lifted their price target for the company from $122.00 to $130.00 in a research report on Friday, March 1st. The Goldman Sachs Group lifted their price target on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded Oshkosh from a “hold” rating to a “buy” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $117.94.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.58% of the stock is currently owned by insiders.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $123.61 on Friday. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.62 and a beta of 1.29. The stock’s fifty day simple moving average is $115.74 and its 200 day simple moving average is $105.14. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.24 by $0.32. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. Oshkosh’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. As a group, sell-side analysts forecast that Oshkosh Co. will post 10.32 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Wednesday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio (DPR) is 20.26%.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.